HMRC Admin 32 Response
-
RE: UK.GOV Account "The details entered don't match our records "
Hi,
Unfortunately we do not have a timescale for this.
Thank you. -
RE: P45 Issue
Hi,
HMRC should receive the P45 information electronically from your previous employer. In order to update your tax code, you will need to contact us after you have received your first pay to allow us to amend the code.
Income Tax: general enquiries
Thank you. -
RE: Money transfer
Hi sukenik,
You will need to contact our Income Tax team regarding this.
Income Tax: general enquiries
Thank you. -
RE: Tax on foreign pension lump sum for UK resident
Hi,
As the pension pot is held in the Isle of Man, we need to review the double taxation agreement with the UK and the Isle of Man.
Isle of Man: tax treaties
Article 17 covers pensions and advises that pensions and lump sums paid to a resident of the UK, shall only be taxable in the UK. You will need to submit a request for a certificate of residence.
How to apply for a certificate of residence to claim tax relief abroad
You will need to include details of the pension lump sum, including a gross amount. HMRC will send you a certificate of residence, which you should send to the Isle of Man tax authorites, to claim repayment of any tax deducted from the lump sum.
Thank you. -
RE: Cash gift from parents outside UK
Hi Rafael,
The 7 year rule is for inheritance tax reasons as the gift would be included in part of the estate if the gift was over £3000 and was received within 7 years of the gifter passing away. This is for UK inheritance. You dont declare it as income for yourself unless it generates any interest or dividends.
Thank you. -
RE: Money transfer
Hi anbujoe,
The money given as a gift is taxable income and will beed to be declared.
EIM01450 - Employment income: gifts and other voluntary payments
With regards to the property purchase, how you fund the purchase is up to you. You can borrow money from financial providers by way of a mortgage. This is not taxable income.
Thank you.
